Shanghai-based VC-veteran William Bao Bean prepares for a dynamic surge of digital consumption in 2021 after a booming 2020, he tells at the 10-year celebration of the Chinaccelerator. Keywords: virtual reality, blockchain and fintech.
In 2020, digital consumption surged like never before and 2021 will see companies build on that front. “We believe there will be an acceleration in online media and entertainment industry more engagingly and deeply where VR technology will play a critical role.”, says William Bao Bean. Alongside the acceleration of digital media consumption, William also believes that 2021 will see widespread adoption of collectible non-fungible tokens (NFTs), a concept very popular in the cryptocurrency and blockchain space. He adds, “crypto-fintech will accelerate the move from simply being traded on currency exchanges to widespread adoption of products, especially in the Decentralized Finance (DeFi) space.
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